Super Stretch Development Finance For Residential Property Development

Key Product Features

Loans from £1 million to £15 million
Build duration between 12 and 24 months
Up to 90% funding

The development finance you need:

Funding typically a blend of 80% senior + 10% second charge (third-party) mezzanine
Up to 90% of costs
(95% including rolled-up interest)
Loans from £1,000,000 to £15,000,000
Build duration typically 12m to 24m

For your residential developments:

Houses and apartments
New builds and conversions
Mixed-use schemes
Urban and rural locations
Projects located in England, Scotland, Wales and Northern Ireland
In areas with strong demand
No restriction on the number of units

What is super stretch development finance?

This development loan allows professional house builders to borrow up to 90% of costs (95% including rolled-up interest). It is a blend of senior development finance, provided by BLG, integrated with a mezzanine loan, provided by a third-party funder. The paperwork is kept simple, BLG structure the deal and the developer only needs to liaise with one lender.

When to consider a super stretch development finance?

Developers who use super stretch development finance typically do so to reduce the amount of their own money in the project. This improves their business cash flow and gives them the ability to run more than one project at a time.

Using super stretch development finance, we have helped property developers double their home building capacity and double their profit.

With high Loan To Value lending BLG helps you build bigger sites, build better sites and build more sites.

For a high-leverage property development loan, talk with our expert team.

WHAT OUR CUSTOMERS SAY ABOUT US

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with Tracey Abbott, who always provides very clear information and advice and welcomed you and your teams friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far. We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with Tracey and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep Clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our Funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]“BLG are very good at communicating with Clients and all documents are very clear and all at BLG are always happy to help.”[/et_pb_text][/et_pb_column] [/et_pb_row] [/et_pb_section]

SuperStretchDevelopmentFinance